You should get the deed to your property at the closing and it should be recorded immediately. Some land records offices scan it and return it immediately, others take longer to get the information into their systems and will mail it back within a few weeks. Some registered land systems keep the original in their files. You can obtain a copy from wherever the deed was record.
yes
no
Take a loan from the bank...........
Getting a devorce and house is facing forclosure but my name is not on deed. Am I liable.
NO. The bank has no such "right". You can obtain a copy of your deed from the land records office where it was originally recorded.NO. The bank has no such "right". You can obtain a copy of your deed from the land records office where it was originally recorded.NO. The bank has no such "right". You can obtain a copy of your deed from the land records office where it was originally recorded.NO. The bank has no such "right". You can obtain a copy of your deed from the land records office where it was originally recorded.
what you should give in your will is the deed to your house or give them money or jewelry or your most gifted posetion
You may be able to initiate it by discussing the situation with the lender and getting it to agree to allow you to give a deed in lieu of a foreclosure. It will be up to the bank and each lender has its own requirements.
In Ohio, if you sign a quick claim deed to land and a house when your name is still on the mortgage loan, you will still be responsible to the bank.
in california and most other states. The house is held with a note and deed of trust. The note is like a IOU you promise to pay the bank the money you borrowed. The Deed of Trust says if you don't pay you agree to transfer the house back to the Bank. When you get an Loan to buy the house the Bank makes shure that there is no other leins on house. So the bank is first in line. the next lein is call the second and so on. If you don't pay the house is transfered back to the Bank by the Deed of Trust and then sold for what they can get for it. If it sells for more that what is owed then any money would go to the next lein hold. If there is nothing left then the other lein holders get nothing. Most likely you will have to pay it back.
By deed, if you own it free and clear.
There are different reasons. In some cases the bank will take the property by a deed in lieu of foreclosure or simply by a quitclaim deed if there is equity in the property and the bank can resell it.There are different reasons. In some cases the bank will take the property by a deed in lieu of foreclosure or simply by a quitclaim deed if there is equity in the property and the bank can resell it.There are different reasons. In some cases the bank will take the property by a deed in lieu of foreclosure or simply by a quitclaim deed if there is equity in the property and the bank can resell it.There are different reasons. In some cases the bank will take the property by a deed in lieu of foreclosure or simply by a quitclaim deed if there is equity in the property and the bank can resell it.
No. A quitclaim deed transfers the property to a new owner permanently. A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.